Christine L. Delucchi, President of Delucchi+, an innovative, full-service, strategic real estate marketing firm located in Washington, D.C., announced today that the agency is a 2009 Nationals(SM) Awards Finalist and has received eight Silver Awards in several key categories. Silver Award winners are the top vote recipients in each category and are the finalists for the Gold Awards, which will be announced and presented at the Nationals(SM) Awards...
In this buyer’s market and slow economy, the owners of Great Brook Preserve are still selling land in their premier mountainside village. Great Brook is the only gated community in the area and offers large acreage with dramatic views of the Sunday River ski area and the Mahoosuc mountain range. The Preserve properties are surrounded by its own conservation land, and the owners just completed installation of paved roads through Phases II and...
JRK Property Holdings, Inc. (“JRK”) announced a major multifamily property acquisition from Apartment Investment and Management Company (“AIMCO”) valued in excess of $285 Million. The acquisition was capitalized through a joint venture with JRK Birchmont Advisors, the private equity division of JRK. The portfolio, which represents the third joint venture with JRK Birchmont Advisors and the fourth transaction consummated with...
Going Public, LLC is pleased to announce it was retained by Omni Ventures, Inc. in September 2008. Omni Ventures, Inc., located in Olathe, Kansas, is going public with plans to provide investment capital for real estate developments. “We are very excited to be partnering with Omni Ventures to assist them in going public on the OTC Bulletin Board,” said Marvin K. Rowe II of Going Public, “and we look forward to being a part of their...
Shaken by the global credit turmoil, BC’s multi-family investment market faces a repricing of properties, according to Avison Young (Canada) Inc.’s “Fall 2008 BC Real Estate Multi-Family Investment Report”, released today. “There is now a standoff between purchasers, who in the wake of the global credit meltdown have changed their pricing expectations; and vendors, who are looking for yesterday’s pricing in a much...
USG Corporation, a leading building products company, reported that it has entered into an agreement to sell a total of $400 million of 10 percent contingent convertible senior notes due 2018, $300 million to Berkshire Hathaway Inc. and $100 million to Fairfax Financial Holdings Limited. The notes will initially bear interest at a rate of 10 percent per annum. In accordance with New York Stock Exchange rules, USG will seek shareholder approval to...
Van der Moolen Holding N.V. (“Van der Moolen”) and Global Securities Finance Solutions Holding B.V. (“GSFS”) have the intention to integrate the activities of GSFS in Van der Moolen. Today at the end of business a letter of intent has been signed. Van der Moolen will participate in GSFS AM for 49.9% stake and for 33.3% stake in GSA. According to expectation all this will have a positive impact on the earnings per share of Van...
GFI Energy Ventures LLC announced today the completion of the sale of its portfolio company, NORESCO, one of the largest providers of energy management and performance contracting services in the United States, to Carrier Corp., the world’s largest provider of HVAC and refrigeration solutions and a subsidiary of United Technologies Corp. NORESCO was previously owned by the OCM/GFI Power Opportunities Fund II, L.P., a private equity fund co-managed...
Rohm and Haas the leading producer of specialty materials, launched a new manufacturing facility in the Ramenskoye region of Moscow. The plant was developed from a greenfield site with close proximity to key customers and with excellent access to local and imported raw materials and all key utilities. Manufacturing at the plant will be focused on additives for paint and coatings materials and adhesives. The plant has been designed with the capability...
AssetNation, Inc. was formed to be the world’s leading industrial online auction provider. AssetNation has created a global marketplace that assembles some of the strongest brands in the online auction community, which include SalvageSale, SalvageSale Ltd (UK) and CapitalAssetSale. The flagship brand, SalvageSale, supports commercial property and casualty insurance companies by dramatically increasing recoveries on damaged commercial and industrial...